20
SEPTEMBER/OCTOBER 2014
LUMBER CO-OPERATOR
association
news
BEGINS PARTNERSHIP
WITH SUSAN G. KOMEN®
WITH A $50,000 MINIMUM
DONATION
IRVING, Tex-
as—
PrimeS-
ource® Build-
ing Products
announced the
company will
partner with
Susan G. Komen® in support of their
efforts in the fight against breast can-
cer. In honor of this partnership, Grip-
Rite’s Grip-Cap® plastic cap nails are
turning pink—the international symbol
of breast cancer awareness.
Founded in 1982, Susan G.
Komen is a leading non-profit organi-
zation working to eliminate breast can-
cer through ground-breaking research,
community health outreach, advocacy,
and social support programs.
“PrimeSource is honored to pro-
vide a donation to Susan G. Komen
to help support a cause that touches
so many lives in so many ways,” said
Ken Fishbein, co-CEO of PrimeSource
Building Products, Inc., exclusive dis-
tributor of Grip-Rite products. “It’s a
partnership that’s especially personal
for us as my wife, Debbie, is a three-
time cancer survivor.”
“I think it’s important to raise
awareness in unlikely places and share
our story to provide inspiration for
other families who are currently be-
ing affected,” said Debbie Fishbein. “I
would never have beat cancer three
times unless I had my support system
of friends and family. I wasn’t battling
it alone.”
PrimeSource is taking orders now
for Grip-Cap Pink Caps for September
delivery in time for October, National
Breast Cancer Awareness Month. For
more information, call 800.676.7777.
LC
(continued from pg. 18)
HOUSING CONSTRUCTION PAUSES
WASHINGTON (By David Crowe, chief economist, NAHB)—
According to the
Census Bureau and HUD, housing starts activity dipped 9.3% in June to an 893,000
seasonally adjusted annual rate. The drop was concentrated in the South where
single-family starts fell 70,000, accounting for more than the total national drop of
57,000. Multifamily starts also fell 88,000 units in the South, accounting for more
than the 35,000 total drop for the United States. The South was the only region
with a fall in total starts.
Permits were also down by 4.2%, but the fall was concentrated in multifam-
ily, which was down 15% and broadly felt in three of the four regions. Only the
Midwest experienced an increase (4.6%) in multifamily permits. Even with this
monthly drop, the three-month moving average of multifamily permits remains
near 400,000, well above historic levels, as most newly formed households are be-
coming renters.
Single-family permits were up 2.6% to 631,000 with three of the four regions re-
porting increases. Only the Northeast recorded a dip of 3.8% in single-family permits.
The unusual fall in construction activity in the South region extended to a
13.4% drop in single-family homes completed. The compilation of unique trends
only in the South does not appear to be connected to weather effects or any regu-
latory changes that would cause builders to move construction to July.
The only remaining explanation is the continuing problems getting sufficient la-
bor and lots for production. The faster moving markets in the energy belt, particularly
Texas, are the most likely to see an even greater limit to production given the difficul-
ty in competing in the labor pool against strong wage growth in the energy sector.
The dip in June single-family construction does not appear to be a general
slowdown, but rather an anomaly in June data that NAHB expect to see corrected
later this year as demand continues to pick up from pent-up demographics.
LC
(continued on pg. 22)
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